Gina Houser Allegedly Misrepresented Certificate of Deposit

Gina Houser (CRD #: 2341905), a broker registered with First Citizens Investor Services, allegedly misrepresented an investment, according to her BrokerCheck record, accessed on January 4, 2023. Keep reading to learn more about her alleged conduct as a broker.

Investor Dispute

On October 22, 2022, an investor alleged that Gina Houser misrepresented the call features of a market-linked certificate of deposit purchased in October 2021. The client also alleged that she failed to disclose the certificate’s seven-year maturity. The investor sought $250,000 in damages but the firm denied the dispute.

Investors should know, however, that firms can deny disputes without an external review. Investors may be able to recover their losses after a denial by pursuing FINRA arbitration.

Brokered CDs are much riskier than standard certificates of deposit. Learn more about the differences here. 

FINRA Rule 2020

FINRA Rule 2020 forbids the use of manipulative, deceptive, and otherwise fraudulent methods to influence the purchase and sale of securities. The misrepresentation or omission of material facts violates this rule.

Background Information

Gina Houser has passed the following exams:

• Series 66 – Uniform Combined State Law Examination
• Series 63 – Uniform Securities Agent State Law Examination
• SIE – Securities Industry Essentials Examination
• Series 7 – General Securities Representative Examination

Gina Houser is a registered broker in Illinois, Montana, North Carolina, Tennessee, and Virginia. She is also a registered investment adviser in North Carolina.

She has also worked for the following firms:

• Prudential Investment Management Services (CRD#:18353)
• AIG Retirement Advisors (CRD#:42803)
• The Variable Annuity Marketing Company (CRD#:5081)
• First Union Brokerage Services (CRD#:8112)
• Edward D. Jones & Company (CRD#:250)
• BB&T Investment Services (CRD#:33856)
• Jefferson-Pilot Investor Services (CRD#:5178)

Kurta Law Can Help

If you worked with Gina Houser and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.